Explain the terms manufacturing and industry with examples
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Answer:
Manufacturing is the production of products for use or sale using labour and machines, tools, chemical and biological processing, or formulation, and is the essence of secondary industry. An industry is a sector that produces goods or related services within an economy.
The manufacturing industries are industries transforming goods, that is, mainly manufacturing industries in their own right, but they also concern the repair and installation of industrial equipment and subcontracting operations for third parties.
The manufacturing industries are industries transforming goods, that is, mainly manufacturing industries in their own right, but they also concern the repair and installation of industrial equipment and subcontracting operations for third parties. example:-Basic or Key Industries: These industries supply their products or raw materials to manufacture other goods, e.g. iron and steel, copper smelting, aluminium smelting. Consumer Industries: These industries produce goods which are directly used by consumers, e.g. sugar, paper, electronics, soap, etc.
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